Frexcellence

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FG’s enterprise empowerment and financial inclusion programme GEEP (Government Enterprise empowerment programme), has been awarded as the most impactful financial inclusion programme in Africa. The award was given to the executing body, Bank of Industry at the African Bankers Awards, which was hosted by African Banker magazine in conjunction with Business in Africa Events and held during the Annual Meetings of the African Development Bank (AfDB) in Malabo, Equatorial Guinea.
According to the award documentation, the African Banker’s Award for financial inclusion is for the organization, product or program that has best succeeded in delivering financial products and services to wider parts of society, particularly to the most disadvantaged and low-income segments, ultimately contributing to financial inclusion, development, and growth.
The Government Enterprise Empowerment Programme (GEEP) which was launched as a product of the Social Investment Programme (SIP) has benefitted over 2 million local entrepreneurs across the 3 GEEP projects: MarketMoni, FarmerMoni, and TraderMoni; this makes it the largest government-led microcredit program globally. These 3 programs empower micro-enterprises with interest-free and collateral-free loans to grow their businesses.